Social security benefits are designed to replace forty percent of the pre-retirement income; however, many retirees depend on their benefits to cover most of their bills. Most of the individuals retired, depending on their retirement checks, according to the social security administration. For these individuals, a lot is riding on social security, which can make or break your retirement plans.

Whether you rely on your social security benefits to make ends meet or you only want to increase the size of your checks, described below are some strategies that can help you to be successful.

  1. Delay claiming benefits 

One significant factor that can affect the size of the check is the age you claim it in. If you claim your check in the full retirement age, which is 67 years, you will receive the benefits you are eligible for.

However, if you want to collect a check that can afford your bills and extra payments, then you can delay claiming your benefits until after the full retirement age. This retirement bonus can be generous with an extra twenty-four percent each month if you wait to claim it at the age of seventy. If your age for retirement is before 67, then you can receive even a bigger check for your social security benefits. With this notion, it is important to keep in mind that if you wait beyond seventy, you won’t receive any extra benefits by doing so.

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Delaying may be the smartest choice, but it is not for everyone. This is why it is important to find an advisor or representative such as Defenders for You and more to make sure you don’t miss out on anything.

  1. Work at least for 35 years 

As mentioned above, claiming your security benefits before may affect on the amount you receive every month, another factor which may be able to add to your retirement check is the years you have served in working. Your basic amount is calculated based on your 35 earning years’ experience. The social security administration averages your income based on those years and adjusts it for inflation, which results in your security benefits.

You can also benefit from working for more than 35 years and increase your income. You can replace the earlier years of your income and increase your income and higher average with a larger social security benefit amount.

  1. Take advantage of all the benefits you’re entitled to. 

Most retirees are entitled to standard retirement benefits, but there are other social security benefits you may be entitled to, such as spousal, divorce, and survivors. Even if you have never worked a day in your life, but you may be eligible for your spouse’s or former spouse’s work records. To get the benefits, you must be married to someone who is eligible to receive retirement benefits.

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Survivors’ benefits are a little different from spousal benefits as they are available for many different family members and not just spouses. If the deceased individual was entitled to receive benefits, the widower or widow is eligible to claim the security benefits after 60 or more.

Divorced spouses can also claim the survivor’s benefits. Not just that, the children, parents, and other family members in certain circumstances.

The social security might not typically notify you if you are eligible for these benefits. Make sure to do your research and apply for the benefits, so you don’t miss out on extra cash. If you are slim going to retirement, you may end up depending on social security benefits to make ends meet.

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Author's Bio: 

Chris Mcdonald has been the lead news writer at CompleteConnection. His passion for helping people in all aspects of online marketing flows through in the expert industry coverage he provides.  Apart from working at CompleteConnection he likes spending his time with family, studying martial arts and plucking fat bass guitar strings.